XE Market Analysis: The International Currency Market Waits Patiently for Signals from the Fed

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OVERVIEW

  • The US dollar is trading flat relative to other G10 currencies

  • GBP/USD keeps a strong tone against the greenback, trading near new 10-day high

  •  WTI crude oil is supported at $64 a barrel with risks brewing in Venezuela

HIGHLIGHT

The British Pound is trading near a new 10-day high against the greenback buoyed by new optimism that a Brexit deadlock is very close. Parties have so far remained tight-lipped on the ongoing negotiations.